Economy, asked by xxsanshkiritixx, 1 month ago

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Answered by crankybirds30
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  1. Human resources are defined as the people employed by a company or the department in a company in charge of hiring, training, benefits and records.
  2. Human capital is an intangible asset or quality not listed on a company's balance sheet
  3. Fixed capital is the portion of total capital outlay of a business invested in physical assets
  4. The four essential economic activities are resource management, the production of goods and services, the distribution of goods and services, and the consumption of goods and services. As you work through this book, you will learn in detail about how economists analyze each of these areas of activity.
  5. A market activity is an activity that does not transform inputs, but simply transfers the intermediate exchange from one transforming activity to another transforming activities that consumes this intermediate exchange as an input, e.g. from glycerine at the supplier to glycerine at the consumer.
  6. nonmarket production” is sometimes used to refer to production activities that are outside the scope of the national economic accounts, such as unpaid household work and volunteer labor (see “Production boundary”).
  7. Population quality is the overall level of certain desirable traits in a specific population.

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